Elliott Wave Theory With Professional Trading Strategies
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Learn advanced Elliot Wave Theory for financial market trading.
Do you want to discover effective trading tactics used by genuine experienced traders?
Are you a trader trying to boost your profits?
Now is your chance to learn and investigate the tools that a full-time professional trader utilizes to analyze market movements.
Less than 1% of retail traders are familiar with Elliot Wave Theory.
What exactly is Elliot Wave Theory?
In the late 1920s, Ralph Nelson Elliott created the Elliott Wave Theory. Elliott argued that stock markets, which were regarded to be rather unpredictable, really moved in repeating cycles.
Elliott suggested that market cycles were caused by investors’ responses to external factors or by the prevalent psychology of the people at the moment. He noticed that the upward and downward swings of the mass psychology always showed up in the same repeated patterns, which were then split further into patterns he dubbed “waves”.
Stock prices fluctuate in waves, according to Elliott’s theory. However, because markets are “fractal,” Elliott was able to break them down and examine them in far more depth. Fractals are mathematical structures that infinitely replicate themselves on a smaller and smaller scale. Elliott noticed that stock-trading patterns were structured similarly. He then took the logical next step and began to investigate how these repeated patterns may be utilized to anticipate future market movements.
In the financial markets, we know that “every action has an equal and opposite reaction,” which means that a price movement up or down must be followed by a price movement in the opposite direction. Price fluctuations are classified as trends, corrections, or sideways movements. Prices move in the direction of trends, whereas corrections move in the other direction. These waves were dubbed “impulsive” and “corrective” by Elliott.
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